Bloomfield Hills Schools Audit Goes Smoothly

The Bloomfield Hills Schools Board of Trustees received a reassuring presentation on the annual audit by the Yeo and Yeo accounting firm at Thursday night's meeting. No problems or exceptions were found in any departments, and the district received the highest evaluation mark possible. Problems highlighted last year in food service and district purchasing were addressed and corrected.

Other items that stood out in the district’s audit, by the numbers:

$4.4 million

The total amount of federal dollars received by the district. That includes $1.2 million in American Recovery and Reinvestment Act federal subsidy that will not repeat.

56 percent

The total estimated dollar amount of the district annual budget spent toward instruction.

1.2 percent

The amount of increase paid for salaries and benefits from last year. The total number is 82.5 percent. Many districts in Michigan are approaching 90 percent.

76

The number of days the school district could operate on the current fund balance of $16 million.

Nearly 25 cents

The amount of every district dollar that goes toward retirement costs.